Mother Science closes US$3.5 million funding round

Mother Science closes US$3.5 million funding round

THE WHAT? Mother Science has closed a US$3.5 million funding round, led by Greycroft. Under the terms of the deal, Greycroft Partner, Katherine Power will join the skin care brand’s Board of Directors. The funds will be invested in R&D, further innovation, product launches and team growth.

THE DETAILS According to a report published by WWD, Power is best known as Founder of Merit Beauty, Versed Skincare and Avaline Wine. The new role will be her first stint on a board outside of the companies she has created.

THE WHY? Power revealed in a statement, per WWD, “I’ve been closely following Mother Science since the early stages, especially after experiencing the transformative power of malassezin in the Mother Science Molecular Hero Serum firsthand. Malassezin is a breakthrough ingredient in skin care, and I’m thrilled to join forces with Ann Marie and Michael to propel their vision forward, assembling a stellar team and driving exponential growth for the company.”